In the U.S., the following agencies have the right to examine the bank's books
A) Fed and the FDIC.
B) FDIC and the Office of the Comptroller of the Currency.
C) Fed and the Department of Commerce
D) FDIC, Fed and the Office of the Comptroller of the Currency.
E) Only the Fed.
D
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How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange rate is 2.00 dollars per British pound?
A) 22.5 British pounds B) 32.5 British pounds C) 12.5 British pounds D) 40 British pounds E) 30 British pounds
In economic theory, if an additional worker adds less to the total output than previous workers hired, it is because
A) there may be less that this person can do, given the fixed capacity of the firm. B) he/she is less skilled than the previously hired workers. C) everyone is getting in each other's way. D) the firm is experiencing diminishing returns to scale.
The U.S. economy experienced recessions in 1974–75, 1980–82, 1990–91, 2001, and 2007–09 that were each preceded or accompanied by a rise in the key input of
a. wages. b. food prices. c. oil prices. d. steel prices.
When there are positive externalities in the consumption of a good:
a. marginal social benefit exceeds marginal private benefit. b. the marginal social benefit curve lies below the private market demand curve. c. the socially optimal level of output exceeds the private market equilibrium quantity. d. public policy aims to lower the level of output below the private optimum.